Lot 47 - 20 Bessemer Road, Cardiff, CF11 8BA
- Unconditional Online Auction Sale
- Guide Price* : £270,000+
- Bedrooms: 0
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Lot 47 - Commercial Investment
Description
ONLINE AUCTION from 3rd FEBRUARY-5th FEBRUARY
The property comprises a detached warehouse building situated to the south west of Cardiff city centre close to Ninian Park and Cardiff City Stadium.
Located opposite the junction with Faber Way, there are a number of trade counter outlets nearby and both Sloper Road a few hundred meters to the north and Hadfield Road to the south feature a large number of car main dealerships. Access to the M4 is easily achieved via the A4232.
Accommodation
| Floor | Area Sq Ft | Area Sq M |
|---|---|---|
| Ground Floor | 7,609 | 706.88 |
| Mezzanine | 921 | 85.54 |
| Total Gross Floor Arear | 8,530 | 792.42 |
Tenancies
We are informed that the property is occupied on a 35 year lease in favour of Flash Service Group Ltd at a rent of £12,000 pa although no rent is being paid to/collected by the receivers. The is no record of this lease on Land Registry. The property has potentially been sub-let to multiple tenants but neither the Receivers nor the auctioneers have had sight of any such sub-leases.
Tenure
Advised Freehold - to be verified by solicitor
Auction Fees And Additional Costs
Auction fees: The sale of each lot is subject to a buyer’s premium/admin fee of 1.5% of the purchase price (subject to a minimum of £1,500 for sale prices between £1 and £50,000 or subject to a minimum of £2,400 for sale prices of £50,001 upwards) including VAT unless otherwise stated.
Additional costs: The purchase of the property may be subject to (but are not limited to), VAT (if applicable), reimbursement of the seller’s search fees, reimbursement of seller’s legal and/or sales costs, stamp duty/land transaction tax (LTT). Please check accompanying legal pack for further details.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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Documents
- Terms and Conditions for Unconditional and Conditional Online Auctions
- Reservation Fees & Deposits Explained
- Buyers Guide for Unconditional Auctions
- Sellers Guide for Unconditional Auctions
- Guide to Buying at Auction
Legal Documents
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Auction Finance
As a trusted partner of Paul Fosh Auctions, Together could offer the auction finance you need, when you need it. Visit togethermoney.com for more information.
If considering a mortgage, we advise that you inspect and consider the property carefully with your lender before bidding.
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